Roxanne began saving for retirement at age 23 when she graduated college. She wants to have $2.3 million dollars in her retirement account when she reaches age 55
If she deposits $9,000 each year in an account earning an 11% Annual Rate of Return, will she achieve her goal in time?
A) Yes, she will have over $2.3 million dollars in the account.
B) No, she will have less than $2.3 million dollars in the account.
Answer: B
Business
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